EPFL spin-off Lunaphore raises 23 million francs

Lunaphore cofounders : Diego Gabriel Dupouy, Ata Tuna Ciftlik et Déborah Heintze © Alain Herzog - Lunaphore, an EPFL spin-off that develops pioneering equipment for cancer research and tissue diagnostics, announced that it has raised 23 million francs in Series C funding. Lunaphore, a startup whose first product hit the European market last summer, today announced that it has completed a new round of fundraising. The startup brought in 23 million francs in Series C, boosting its capital to 34.3 million francs. The company plans to use these proceeds to invest in the US market and develop new products. Lunaphore, which was created in 2014, develops next-generation tissue autostainers using microfluidic-based technology. Last summer it marketed LabSatTM, a system that reduces the time needed to get tumor biopsy results from a matter of hours to a matter of minutes. This latest fundraising round was led by Japanese investor PHC Holdings Corporation (PHCHD), a global healthcare firm that owns Epredia, a company specialized in precision cancer diagnostics.